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TICCI opens office in Kolkata to broaden business horizon

Related Keywords: act as an export gateway, Aditya Birla, Assocam, between India and Turkey, broaden business horizon, Custom Union, jute, leather, Mahindras and Mukesh Ambani groups, opened an office in Kolkata, present in Turkey, promote trade and investment, signed MoU, Tatas, TICCI, trade of textile, Turkey, with EU

Turkey has customs union with the European Union and thus acts as an export gateway to the EU. To promote trade and investment between India and Turkey, the Turkish Indian Chamber of Commerce & Industry (TICCI) has opened an office in Kolkata. TICCI has also signed a MoU with Assocam to broaden the business horizon for the two countries

TICCI President Ersin Karaoglan said that the chamber is focusing on automotive spares as well as tourism and education for bilateral business cooperation.

Turkish looking at India as a next big player of textile business

Related Keywords: 83rd İzmir International Fair, India and Turkish, Indian Ministry of Trade and Commerce, textile business, TICCI, trade relations, trade volume, TUSKON

India and Turkish trade relations have improved rapidly over the past decade. Trade volume between Turkey and India was $2.3 billion and $4 billion in 2009 and 2010, respectively. This figure reached $6 billion in 2013, according to the Indian Ministry of Trade and Commerce.

According to Ersin Karaoğlan, the president of the Turkish Indian Chambers of Commerce and Industry (TICCI), India has a large population with vast land and a huge market, all of which attract foreign investors to the country. India is a big player in the textile business and construction.

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